¹ Securities, financial planning, and investment advisory services offered through qualified representatives of MML Investors Services, LLC., Member SIPC and FINRA, and a MassMutual subsidiary.

² Asset allocation does not guarantee a profit or protect against loss in declining markets. There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio or that diversification among asset classes will reduce risk.

³ From FORTUNE. ©2025 FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2024) is a registered trademarks of FORTUNE Media IP Limited and is used under license. FORTUNE and FORTUNE Media IP Limited are not affiliated with, and do not endorse products or services of MassMutual.

Investments are subject to market fluctuation and other risks. There can be no guarantee that any investment product or strategy will provide positive performance over time.

*These are consolidated statutory results of Massachusetts Mutual Life Insurance Company and its U.S.-domiciled life insurance subsidiaries: C.M. Life Insurance Company, MML Bay State Life Insurance Company, as well as MassMutual Ascend (included for 2021-2023 only), as of December 31, 2023.